Wall Street Management Firm Believes McMahon Family Intends To Sell WWE

Lemelson Capital founder Emmanuel Lemelson, who manages one of the biggest hedge funds in the world, recently stated that he firmly believes the McMahon family intends to sell WWE.

Lemelson called WWE “clearly an acquisition target,” and said that while he doesn’t expect WWE to have great numbers when they announce the WWE Network subscriber-count on Thursday during their third-quarter conference call, he also doesn’t expect the share price to fall as the McMahon’s will protect shares to keep the sale price up.

He also spoke about his belief that WWE has poor fiscal management, but claimed they have a strong creative management.

You can read more about this story at Benzinga.com.

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